Northern Precious Metals Management Inc.

Northern Precious Metals Management Inc.

June 16, 2011 12:07 ET

Northern Precious Metals 2011 Limited Partnership Files Final Prospectus

MONTREAL, QUEBEC--(Marketwire - June 16, 2011) - Northern Precious Metals 2011 Limited Partnership (the " Partnership ") is pleased to announce that it has filed a final prospectus, dated June 8, 2011, and received a receipt from the Autorité des marchés financiers for the initial public offering of units of the Partnership in the provinces of Québec, Ontario, Manitoba, Saskatchewan, Alberta et British Columbia. The initial closing of the offering is expected to be on or about June 30, 2011.

The Partnership will invest primarily in Flow-Through Shares of Mining Companies focused primarily on gold production, exploration or development in Canada with a view to achieving capital appreciation. Limited Partners may be entitled to claim certain deductions from income, a federal investment tax credit and certain other provincial tax credits, where available, for income tax purposes for the 2011 taxation year.

The maximum size of the offering is $15,000,000 with an over-allotment option of $2,250,000. The syndicate of agents is being led by Secutor Capital Management Corporation and Industrial Alliance Securities Inc.

The General Partner of the Partnership is Northern Precious Metals 2011 Inc. Northern Precious Metals Management Inc. is the manager. The Northern Precious Metals Funds have been very active in the management of flow-through share portfolios since 2003.

This offering is made only by prospectus. The prospectus related to this offering contains important information about the securities being offered. Copies of the final prospectus may be obtained from the syndicate, by contacting a financial advisor or from the General Partner. Investors should read the prospectus before making an investment decision.

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